XLM/USD (Stellar) Price; Buyers Are Gaining Upper Hand
Login

XLM/USD (Stellar) Price; Buyers Are Gaining Upper Hand

Estimated Reading Time: 3 minutes

Azeez Mustapha

Updated:


STELLAR Price Analysis – June 02

When the bulls increase their momentum, the price will break up the resistance level of $0.50, and the price may increase to the high of $0.57, which may extend to $0.67 level. In case the bulls are unable to break up the resistance level of $0.50, bearish movement may continue towards the $0.42, $0.33 and $0.22.

Key Levels:

Resistance levels: $0.50, $0.57, $0.67

Support levels: $0.42, $0.33, $0.22

XLM/USD Long-term Trend: Bullish

Stellar is bullish on the daily chart. The bulls are gradually taken over the stellar market after many days of bearish trend. Last week, the bears were in control of the market. The bearish momentum pushed the price to test the low of $0.33 before it bounces to test the $0.42 level. The bears’ pressure is getting exhausted and that of the bulls is increasing. There is tendency for the bulls to dominate the market.

XLMUSD daily chart, June 02

 

Stellar price is increasing, penetrating the 9 periods EMA and 21 periods EMA upside which connote an increase in bullish momentum. When the bulls increase their momentum, the price will break up the resistance level of $0.50, and the price may increase to the high of $0.57, which may extend to $0.67 level. In case the bulls are unable to break up the resistance level of $0.50, bearish movement may continue towards the $0.42, $0.33 and $0.22. The relative strength index period 14 is bending up at 45 levels to indicate buy signal.

XLM/USD Medium-term Trend: Bullish

XLM is on the bullish movement in the 4-hour chart. The bearish momentum in the Stellar market is lower compare to that of the bulls. The price is increasing slowly to break up $0.42 levels. Price may continue to increase provided the bulls maintain or increase their pressure.

XLMUSD 4 hour chart, June 02

The price has crossed the 9 periods EMA and the 21 periods EMA upside and it is trading above the two EMAs. The Relative Strength Index period 14 is at 60 levels pointing up to indicate buy signal.

You can purchase crypto coins here: Buy coins

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News